Fidelity Funds Japan Smaller Companies A JPY

  • 1833.31p
    Price (Inc)

    These are the shares in the fund that pay out an income to clients. The income is made up of the total dividends – the money a company can pay out to its investors – from the companies in the fund.

  • -
    Price (Acc)

    These are the shares in the fund that don’t pay out an income to clients. Any dividends – the money a company can pay out to its investors – are reinvested into companies in the fund. Despite no income, the shares should be worth more over time. Good incentive, eh?

  • 5.25% 0.00%

    Initial charge

    Some funds charge you when you first invest, which is aptly known as the initial charge. They’re usually between 3-5% but at Bestinvest, we usually don’t charge you a penny!

  • 1.50%
    Annual management charge

    This is how much the fund management company charges to run the fund. It’s like paying a babysitter, dog sitter or house sitter (that makes well-informed, heavily researched changes to improve your baby/dog/house when needed).

  • 1.97%
    Ongoing charges

    This stands for Ongoing Charges Figure. It’s the cost of running a fund and includes admin fees, manager fees, administration costs, etc.

  • 0.00%
    Yield

    How much the fund is currently paying out in income to investors. It’s NOT to be confused with the overall growth of a fund – a very different thing indeed. It’s also NOT a guarantee of future pay-outs, just a snapshot. This is more what it’s not than what it is…

Prices as at 18 September 2020

This fund is not eligible for PEP/ISA investment.

Fund summary

Sector
Structure OFFSHORE FUND
Launched December, 1991
Size £57m
Yield 0.00%
Charging basis Income
Dividends paid

Charges

Standard initial charge 5.25%
Initial charge via Bestinvest 0.00%
Additional bid/offer spread 0.00%
Annual management charge 1.50%
Ongoing charges figure 1.97%

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Investment process

Manager research

Average monthly relative returns

  • 15/16 -0.30%
  • 16/17 -0.02%
  • 17/18 0.11%
  • 18/19 -4.18%
  • 19/20 0.89%

Bestinvest MRI

  • 3 years -1.06%
  • 5 years -0.70%
  • Career -0.32%
  • 3 years 24.50%
  • 5 years 23.60%
  • Career 26.10%

Performance figures are based on the average of monthly percentage returns relative to the benchmark index.

Jun Tano

Tano started his career as equity analyst at Meiji Life insurance company in 1986. He was a portfolio manager at Meiji Yasuda Life Insurance Group between 1989 and 2000. He has experience in managing Japanese as well as non-Japanese equities mainly for Japanese domestic pension plan sponsors. Tano received an MBA from the Wharton School, a BA from Yokohama National University and he is a CFA chartholder.

Track record

Jun Tano has 14.4 years experience of managing mutual funds in this sector. Over this period the average monthly return relative to the benchmark index has been -0.32%. During the worst period of relative performance (from April 2006 - February 2019) there was a decline of 60% relative to the index. The worst absolute loss has been 47%.

Periods of worst performance

Absolute -47.00% (April 2006 - October 2008)
Relative -60.00% (April 2006 - February 2019)

About the MRI

Our unique indicator: the Bestinvest Manager Record Index (MRI) measures the likelihood that the fund manager is adding value through their decisions. It is based on their performance record over the course of their career, adjusted for the amount of risk taken. MRI is an important contributor to our fund rating system but it is also vital to take account of qualitative factors. It is also very important to select funds to form a cohesive portfolio with an appropriate overall risk level.

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Key Investor Information

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